Indonesia's efforts to modernise its infrastructure have lagged India's slow-but-steady improvements, though Jakarta's progress could be fast tracked in the eyes of foreign investors with passage of a politically complicated land grab bill.

The legislation, still in an early stage, would enable the Indonesian government to acquire private property for public projects, such as toll roads or power plants, that would improve the economy's longer-term efficiency and growth potential and make it more competitive in attracting foreign investment.

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Posted by mopeng at September 7, 2010 2:23 PM